Uncertainty surrounds the fate of EgyptAir Flight MS804, which disappeared from radar screens Wednesday night with 66 people on board. While reports quoted anonymous Egyptian aviation officials as saying the plane had crashed, Egypt’s prime minister said that it was “too early to say” what had happened to the aircraft. There have also been conflicting reports about whether the aircraft sent out a distress signal. A huge maritime search is getting underway, after reports Greek islanders saw a fireball in the sky. You can follow the latest developments on our live updates page.
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Search On For Missing EgyptAir Flight
Uncertainty surrounds the fate of EgyptAir Flight MS804, which disappeared from radar screens Wednesday night with 66 people on board. While reports quoted anonymous Egyptian aviation officials as saying the plane had crashed, Egypt’s prime minister said that it was “too early to say” what had happened to the aircraft. There have also been conflicting reports about whether the aircraft sent out a distress signal. A huge maritime search is getting underway, after reports Greek islanders saw a fireball in the sky. You can follow the latest developments on our live updates page.
Deutsche Bank Chief Faces Shareholder Rage
Chairman Paul Achleitner is expecting a hostile reception at the bank’s AGM Thursday, as shareholders consider launching an investigation into management’s response to scandals that have cost the bank billions in fines. Shareholders, irked by shrinking profits and a plunging stock price, want to know whether the amount the bank paid in fines was increased because senior managers angered regulators by repeatedly misleading them.
Wal-Mart Set To Report Drop In Earnings
The world’s largest retailer by sales is expected to report a drop in revenues and profits, when it announces first-quarter fiscal year 2017 earnings before the markets open Thursday. In recent months, Wal-Mart’s profits have been hurt by spending on e-commerce operations and wage increases. The company has also been hurt by a broader gloom in the retail sector that recently forced it to cut its sales forecast for the current fiscal year.
NATO Ministersâ Meeting Kicks Off In Brussels
Foreign Ministers from the trans-Atlantic security alliance convene for a two-day summit starting Thursday. They are expected to discuss a range of security situations outside Europe, including Afghanistan, Iraq, Syria and Turkey, as well as weigh possible measures against Russia in eastern Europe.
HERE'S WHAT YOU MISSED LAST NIGHT.
Despair, Layoffs In âRussiaâs Detroitâ
Russia’s car industry is in the doldrums – with sales falling to their lowest level in a decade – off the back of the country’s recession, driven by low oil prices and Western sanctions over Ukraine. In the city of Tolyatti, Russia’s answer to Detroit, dependence on car manufacturing means it has been at the sharp end of the country’s longest economic recession since President Vladimir Putin came to power.
Chinese Jets Intercept US Spy Plane
Two Chinese fighter jets intercepted a U.S. spy plane in “international airspace” in a maneuver characterized as “unsafe,” U.S. defense officials said Wednesday. The two Chinese J-11 fighter jets flew approximately 50 feet from a U.S. Navy EP-3 reconnaissance plane, which was flying over the South China Sea, highlighting the conflict over Beijing’s disputed territorial claims in the region.
Zuckerberg Reaches Out To Conservatives
The Facebook CEO pledged to “uphold the integrity of our products,” as he sought to address concern among conservatives about suppression of right-leaning news stories on the social media site. Zuckerberg met with a host of prominent conservatives Wednesday in an attempt to limit the damage from the story, but stopped short of announcing any substantive measures the company would be taking as a result.
For VP Search, Trump Taps Palin Vetter
They say people learn from their mistakes, so perhaps A.B. Culvahouse Jr. learned from his. The 67-year-old Washington insider – who helped vet Sarah Palin before she became Republican presidential nominee John McCain’s running mate in 2008 – will now head the team that will screen vice presidential candidates for presumptive 2016 GOP nominee Donald Trump.
AND THEN THERE'S THIS...
Raising Americansâ Pay (And Many Questions)
In a surprise move, the Obama administration on Wednesday extended mandatory overtime pay to a broad swath of American workers, outraging business groups. But just how many workers will benefit is unclear: the Labor Department estimated that 4.2 million employees currently exempted would win rights to overtime pay, but some studies put the number as high as 13 million.
Trudeau Apologizes For âManhandlingâ Lawmaker
Canada’s telegenic new prime minister – who has repeatedly proclaimed his support for feminism – found himself in an unusual spot Wednesday, having to apologize for elbowing a female lawmaker in the chest in the country’s parliament.
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